Barbados ditched UK’s Queen Elizabeth as head of state, forging a new republic today with its first-ever president and severing its last remaining colonial bonds nearly 400 years after the first English ships arrived at the Caribbean island.
Eliminating U.S.-China tariffs imposed on goods during the worst of the trade war would help ease inflation in the U.S., former Treasury Secretary Jacob Lew said on Tuesday. But there’s currently “no political space” to do so, he said.
When the clock stuck midnight on November 29, tickets for “Spider-Man: No Way Home” went on sale. Within minutes domestic movie ticket sites began to crash as moviegoers rushed to snag seats for one of the most anticipated films of the year.
European stocks are expected to start the new trading week far higher, despite extensive concerns over the newly discovered omicron Covid variant. The U.K.’s FTSE index is seen opening 97 points higher at 7,137, Germany’s DAX 191 points higher at 15,437, France’s CAC 40 up 99 points at 6,824 and Italy’s FTSE MIB up 324 points at 26,167, according to data from IG.
U.S. stock futures rose Friday, helped by premarket strength in Dow Jones component Johnson & Johnson on plans to split into two companies. The Nasdaq and the S&P 500 rebounded Thursday. But the Dow Jones Industrial Average fell for a third straight session, pulled down by Disney’s 7% decline on disappointing quarterly results. Dow stock Disney was modestly higher in Friday’s premarket.
Chinese e-commerce giants Alibaba and JD.com set new sales records across their platforms on Singles Day, the largest shopping event in the world. Shares of both companies rose Friday with Alibaba up about 1% and JD up more than 5% in early Hong Kong trade.
Tesla shares rose in early trading on Thursday after filings revealed Chief Executive Officer Elon Musk had sold about $5 billion of the stock over the past few days, following his much-hyped Twitter poll.